Average Debt Service Coverage Ratio definition

Average Debt Service Coverage Ratio means, with respect to any period, the ratio of (a) Operating Cash Available for Debt Service during such period to (b) principal and interest on the Loans due during such period.
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Examples of Average Debt Service Coverage Ratio in a sentence

  • The Average Debt Service Coverage Ratio for the twelve-month period immediately preceding the applicable Principal Repayment Date is less than 1.00 to 1, and any funds on deposit in the Debt Service Reserve Account shall have been applied to the payment of fees, interest or principal on the Loans.

  • As promptly as practicable, but in no event later than ten Banking Days after each Repayment Date, calculate and deliver to Agent the Four-Quarter Average Debt Service Coverage Ratio and the Projected Four-Quarter Average Debt Service Coverage Ratio.

  • Thereafter, it set a rate that will yield an Equity Internal Rate of Return (EIRR) equal to the computed cost of equity of 13.71% and at the same time, it will satisfy the Average Debt Service Coverage Ratio and Minimum Debt Service Coverage Account required by the banks to assure the repayment of loan pursuant the Indicative Terms and Conditions of a Term Loan Facility.